Release date: 30 January 2020
Promoter – Financial Intermediary
INVESTITIONSBANK DES LANDES BRANDENBURGLocation
Description
The project consists of a Multiple Beneficiary Intermediated Loan - Global Loan to finance schemes providing support to small and medium sized enterprises (SMEs) and midcaps in the EIB Cohesion Priority Region.
Objectives
The aim is to enhance the economic development of the Land Brandenburg, increase its economic resistance and creation of jobs at SME and midcap level.
Comments
Under appraisal
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
not applicable
Environmental aspects
The Federal State of Brandenburg shall undertake that its implementing agent will only finance eligible final beneficiaries who fully comply with the EU's EIA Directive and applicable environmental law.
Procurement
The Federal State of Brandenburg shall undertake that its implementing agent will only deploy EIB financing towards Final Beneficiaries which are private companies not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement
Status
Signed - 27/05/2020
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).